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Let me make it clear exactly how Payday Lenders Bounce when States Crack Down

Let me make it clear exactly how Payday Lenders Bounce when States Crack Down

The industry has found ways to continue to peddle them in state after state that has tried to ban payday and similar loans.

In 2008, payday loan providers suffered an important beat whenever the Ohio legislature banned high-cost loans. That exact same 12 months, they destroyed once more if they dumped significantly more than $20 million into an attempt to move straight right back regulations: the general public voted against it by almost two-to-one.